Latin Manharlal Group, A Successful & Leading Provider of Financial Services for over two decades. It has become synonymous name with Reliability & Trust for their customers pan India with more than 200 channel partners and catering to more than 35000 clientele. Latin Manharlal group has evolved itself from mere Equity Broking business to a full fledged Financial Service Provider through its various group companies.

Tuesday, 20 September 2016

Indian economy projected to grow 8%

Despite registering a tepid growth in the April-June
quarter, Asia’s third biggest economy is expected to gain strength amid
broadening of the domestic consumption base, maintaining its tag of the world's
fastest growing large economy.

American
rating agency, S&P Global Ratings, has projected that Indian economy will
touch 8 per cent growth over the next few years supported by the ongoingmomentum in India’s structural reforms, most recently
with the passage of the goods and service tax (GST).

The newfound faith in the Indian economy is largely backed
by the measures taken by the Modi government since taking office in May 2014.
India has now successfully managed to improve its competitiveness and ease of
doing business rankings. Reforms like passage of GST is
expected to remove the cascading effects and the inefficiencies created by
different layers of taxes across states and the central government.

Easing of restrictions on Foreign Direct Investment (FDI)
will now foster productivity growth in some sectors. The bankruptcy law,
improved access to bank accounts and measures aimed at easing business starts
would surely push up the economic growth.

Further, a normal monsoon in fiscal 2017 is expected to
give thrust to the agricultural growth, pushing it above the trend level, given
the current low base due to two successive monsoon failures. This should lift the
sagging rural consumption demand and boost the overall GDP growth. Fortunately
for India, weather forecasters accord a higher probability for normal monsoon.

However, inflation still remains a risk, given the large
weights on food, fuel, and other volatile items in the Reserve Bank of India's
target basket. In terms of the monetary policy framework, the Government of
India has notified a CPI inflation target of 4 per cent, within a tolerance
band of 2 per cent-6 per cent until March 2021. Such a scenario would help to
anchor inflationary expectations. In addition, a favourable base effect as well
as an improved crop sowing dynamics will ensure that CPI inflation remains
within this tolerance band in the near term.

Going forward, growth in fiscal 2017 will also find
support from higher pensions announced by the government, coupled with
above-average monsoon and lower interest rates.

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Latin Manharlal Group, A Successful & Leading Provider of Financial Services for over two decades. It has become synonymous name with Reliability & Trust for their customers pan India with more than 200 channel partners and catering to more than 35000 clientele.
Latin Manharlal group has evolved itself from mere Equity Broking business to a full fledged Financial Service Provider through its various group companies.